Receiver appointed to the Sunday Tribune newspaper

The staff were told about this development at a meeting on Tuesday afternoon.

Independent News and Media, which owns 29.9 percent of the Tribune Newspaper, said that further funding of the newspaper was no longer viable but that it had committed enough money to pay the newspapers 43 staff until the end of the month. They will also finance the receivership process.

A statement released by Independent News and Media read “INM remains hopeful that new investors may emerge to safeguard the future of this quality Sunday title."